Marvell Technology Group Stock Forecast, Price & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 102.6% and is now trading at $44.60.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Marvell Technology Group.

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Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
View our earnings forecast for Marvell Technology Group.

Marvell Technology Group will be holding an earnings conference call on Thursday, December 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings results on Thursday, August, 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The semiconductor company earned $727.30 million during the quarter, compared to the consensus estimate of $720.88 million. Marvell Technology Group had a net margin of 50.67% and a return on equity of 3.10%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS.
View Marvell Technology Group's earnings history.

Marvell Technology Group declared a quarterly dividend on Friday, September 25th. Stockholders of record on Monday, October 12th will be paid a dividend of $0.06 per share on Wednesday, October 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, October 8th.
View Marvell Technology Group's dividend history.

Marvell Technology Group issued an update on its third quarter 2021 IntraDay earnings guidance on Thursday, October, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $735-765 million, compared to the consensus revenue estimate of $750.97 million.

26 analysts have issued 1-year price objectives for Marvell Technology Group's shares. Their forecasts range from $32.00 to $60.00. On average, they expect Marvell Technology Group's share price to reach $45.52 in the next year. This suggests a possible upside of 2.1% from the stock's current price.
View analysts' price targets for Marvell Technology Group.

Marvell Technology Group saw a drop in short interest in October. As of October 30th, there was short interest totaling 14,570,000 shares, a drop of 19.4% from the October 15th total of 18,070,000 shares. Based on an average daily trading volume, of 8,910,000 shares, the short-interest ratio is currently 1.6 days.
View Marvell Technology Group's Short Interest.

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Lattice Semiconductor (LSCC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), The Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.95%), Nuveen Asset Management LLC (2.63%), State Street Corp (2.11%), Allianz Asset Management GmbH (1.56%), UBS Asset Management Americas Inc. (0.68%) and Massachusetts Financial Services Co. MA (0.56%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes.
View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Fisher Asset Management LLC, Massachusetts Financial Services Co. MA, Wedge Capital Management L L P NC, UBS Asset Management Americas Inc., Voloridge Investment Management LLC, Morgan Stanley, and Wells Fargo & Company MN. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
View insider buying and selling activity for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Allianz Asset Management GmbH, First Trust Advisors LP, Ceredex Value Advisors LLC, GAM Holding AG, ExodusPoint Capital Management LP, Worldquant Millennium Advisors LLC, and TD Asset Management Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan.
View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $44.60.

Marvell Technology Group has a market capitalization of $29.89 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]